THE Monetary Authority of Singapore (MAS) has imposed composition penalties amounting to S$3.8 million on DBS, OCBC, Citibank and insurer Swiss Life (Singapore) for breaching its anti-money laundering ...
DBS, OCBC, Citibank and Swiss Life fined a total of $3.8m for breaches linked to Wirecard saga: MAS
The penalty comes a day after two former employees of Wirecard Asia were jailed for helping their superior embezzle funds from a subsidiary of the German payments giant. Read more at straitstimes.com.
Singapore Star Stock to Shrug Off Price Cap Shock, Analysts Say
Sembcorp Industries Ltd.’s worst one-day drop in three years failed to dent the unanimous support it enjoys from equity analysts amid its climb to successive record highs.
OCBC Investment Research ups Dyna-Mac’s target price to 41.5 cents
OCBC analyst Ada Lim notes that the recent upcycle in the offshore and marine (O&M) sector might be stronger than expected.
7 Best Credit Cards in Singapore for Overseas Spending (2023)
So you’ve been saving up your annual leave and spending every hour searching for cheap air tickets online. And now, it’s time to embark on a well-deserved overseas holiday. But before you blow the ...
JPMorgan, DBS, Temasek bet big on Asia’s blockchain race
Some of the world's largest financial institutions, like JPMorgan Chase, Singapore's DBS Bank and Temasek Holdings, have joined forces with regulators in the Asian finance hub to develop a safer and ...
NSE IPO creates buzz in unlisted market, shows the investor interest in issue
The demand for NSE shares in the unlisted market has shot up since March 2023 after the company announced a dividend of ₹80 and reported better-than-expected results.
P&G to invest over $100 mil to set up new manufacturing facility in Singapore
The announcement was made by the NYSE-listed group as part of its 35th anniversary of operations in Singapore.
Singapore’s Grab Plans Biggest Job-Cut Round Since Pandemic
Grab Holdings Ltd. is preparing its biggest round of layoffs since the pandemic, as the internet company faces stiffening competition in ride-hailing and meal delivery across Southeast Asia.Most Read ...
Stock Market Live: Sensex, Nifty 50 in the red, HUL, M&M, Maruti drag
Indian equity benchmarks BSE Sensex and NSE Nifty 50 are likely to open lower tracking global cues. Singapore Exchange Nifty futures, an early indicator of the Nifty index, was last trading 75.5 ...
Goldman says IPO bust looks like it’s ready to boom once again
A gauge that measures the overall environment for IPOs has surged to a reading of 93 from its low of seven last September, and it’s set to keep on rising, Goldman Sachs says. A level of 100 indicates ...
Maybank to use Singapore as base to draw wealthy clients, hub to anchor regional fund flows
SINGAPORE - Asean nations stand to benefit as restrictions on bilateral trade between the United States and China continue to draw certain production functions away from China, said Maybank group ...
Two former execs jailed in Singapore in first conviction over Wirecard fraud
TWO individuals have been sentenced to jail in the first Wirecard-related conviction in Singapore and globally. They pled guilty to charges for their role in the scandal. Read more at The Business ...
These are the most expensive cities if you want to live in luxury, according a Swiss private bank
Singapore topped the list. Rent, house prices, school fees, taxes on cars, and living expenses are all high, analysts at the Julius Baer Group wrote.
Reuters Reported Earlier: Singapore’s Grab Plans Biggest Round Of Job Cuts Since Pandemic
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Ex-China central bank deputy head arrested for suspected bribery
Fan Yifei, vice governor of the People's Bank of China (PBOC), attends a news conference during the ongoing session of the National People's Congress (NPC) in Beijing, China March 10, 2019. REUTERS/Ja ...